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Tag: short sale help

Never Underestimate The Importance Of Getting Deficiencies Waived

January 14, 2013

Hello everyone Shawn Polston here with Tucson short sales and 502 short sales thank you for checking out my blog today. I work with Keller Williams Realty in the Tucson area and use this blog to share valuable information on all of your options for avoiding foreclosure. If your mortgage is underwater and you are ready to sell please take a minute to browse my website or call me directly to chat with an expert today.

For my blog today I wanted to talk with Tucson area homeowners about the importance of getting all deficiencies waived during the short sale process. There is often some confusion between a deficiency judgment and short sale taxes but it is very important to understand the difference. Simply put a deficiency judgment will determine whether or not you will owe any money on your mortgage once a short sale has been completed. As short sales become more common I can tell you that getting all deficiencies waived on your Tucson mortgage is highly likely. While your lender may ask for money from the borrower at closing if your short sale agent has experience this should be easily negotiated. Tucson homeowners also have the ability to turn down any short sale agreement that asks for cash at closing and does not waive all deficiencies.

If you have questions on the short sale process or your distressed property please fill out a contact form on my website or call me today. On my website you can also find my Short Or Stay Calculator that can help you determine if a short sale is right for you. Thank you for your time today and I look forward to helping you in the future with all of your Tucson real estate needs.

Bank of America Speeds up Short Sales

May 10, 2012

Hi, I’m Shawn Polston with Keller Williams Realty, your Tucson short sale specialists. You can find us at TucsonShortSaleNegotiator.com and 520ShortSale.com. I wanted to talk to you today about Bank of America. My friends at Bank of America have just put some new systems in place that are supposed to speed up the short sale process. Their predictions now are that they are going to be able to turn around certain short sale files in about 3 weeks from getting an offer to getting an approval. This is huge news because one of the things about short sales is they have kind of gotten this stigma of taking a really long time to get done.

I wanted to get this out there because, number one, kudos to Bank of America for stepping up to the plate and getting this moving. If you have a Bank of America loan and you are considering a short sale or foreclosure, I’d love for you to pick up the phone and give us a call. You can also fill out our short sale request form. We’d like to talk to you about it and talk to you about how the process works with Bank of America. We are incredibly familiar with working with them and have built great relationships with them.

I know you may have other questions and you can take a look at my other videos on our website. Feel free to look at them and see if you can find any other answers to any questions you may have.

Again, I’m Shawn Polston with Keller Williams Realty, your Tucson short sale specialists and we’re here to help. I’m just a phone call away. Thanks and I hope you are having a great day.

After I Complete A Short Sale How Long Do I Have To Wait To Buy Another Home?

August 25, 2011

Hello this is Shawn Polston with Tucson Short Sale Negotiator, thank you for checking out my blog today. Having worked on short sales in Tucson for a while now one of the biggest concerns a homeowner will have is when can they buy a home again after completing a short sale or foreclosure. For today’s blog I will be including some great information from a conversation I had with Tom Heath on this subject. Tom is an expert in the mortgage industry and has twelve years of experience working with homeowners to educate them on how the lending process works and how a persons specific financial situation will affect their mortgage. In talking with Tom one thing he stressed above all others is that there are general guidelines but every person has a unique situation which garners a unique result. According to Tom someone who completes a short sale will have to wait roughly three years before being able to qualify for a mortgage again. In the case of a foreclosure it can take up to seven years. Tom also pointed out that a big determining factor is how many mortgage payments were missed during the short sale. In a short sale the biggest damage to your credit is how many mortgage payments are missed not the actual short sale of the property. In fact, Tom even shared a story about a client who was able to get a mortgage only months after finishing a short sale. According to Tom if your credit is in good standing after a short sale it falls on the bank to determine if a customer is too risky or not. I’m sure many of you have questions in regards to your specific situation and I would be happy to answer them. Please visit my website or contact me today to set up a free consultation. If you have questions specifically for Tom Heath I would be more than happy to get you in contact with him as soon as possible. Thank you for tuning in to Tucson Short Sale Negotiator and have a wonderful day.

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About Shawn Polston

Shawn has been a Realtor since 2006. Prior to becoming an agent Shawn and his wife were active real estate investors. Shawn takes his education seriously; he’s taken over 200 hours of continuing education classes, to keep up-to-date on current laws and trends. Shawn is a member of the Arizona Association of Realtors Master of Real Estate Society and a Graduate of the Realtor Institute. He is also a HAFA certified Short Sales and Foreclosure Specialist in addition to being a National Association of Realtors Short Sale and Foreclosure Resource.

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